Target Corp. sells merchandise primarily through its retail stores. On the other hand, Amazon .com uses its

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Target Corp. sells merchandise primarily through its retail stores. On the other hand, Amazon .com uses its e-commerce services, features, and technologies to sell its products through the Internet. Recent balance sheet inventory disclosures for Target and Amazon.com (in millions) are as follows:

a. Determine the inventory turnover for Target and Amazon.com. Round to two decimal places.

b. Determine the days’ sales in inventory for Target and Amazon.com. Use 365 days and round to one decimal place.

c. Interpret your results.

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Accounting

ISBN: 9781337902687

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

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Question Posted: Apr 07, 2021 08:09 AM

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Target Corp. sells merchandise primarily through its retail stores. On the other hand, Amazon .com uses its

Question:

Target $53,299 Amazon.com $139,156 Cost of merchandise sold Inventory, end of year Inventory, beginning of year 9,497 17,174 8,597 16,047

Step by Step Answer:

ANSWER a For Target Average inventory Inventory beginning of year I...View the full answer

Accounting

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